Egypt Government Bonds - Yields Curve

COUNTRY • SUMMARY
EGYPT
Last Update: 27 Apr 2024 2:15 GMT+0

The Egypt 10Y Government Bond has a 29.044% yield.

10 Years vs 2 Years bond spread is 346.7 bp.
Normal Convexity in Long-Term vs Short-Term Maturities.

Central Bank Rate is 27.25% (last modification in March 2024).

The Egypt credit rating is B-, according to Standard & Poor's agency.

Current 5-Years Credit Default Swap quotation is 573.65 and implied probability of default is 9.56%.

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Egypt Yield Curve

If data are not all visible, swipe table left
Residual
Maturity		 Yield ZC Price Last
Change
Last Chg 1M Chg 6M Last Chg 1M Chg 6M
3 months 27.524% -291.6 bp +68.1 bp 25 Apr
6 months 27.044% -113.1 bp -17.4 bp 25 Apr
9 months 26.376% -261.1 bp -48.2 bp 25 Apr
1 year 25.769% -254.4 bp -78.3 bp 79.51 +2.03 % +0.62 % 25 Apr
2 years 25.577% -391.7 bp -44.7 bp 63.41 +6.34 % +0.71 % 25 Apr
3 years 28.120% -139.6 bp +220.9 bp 47.55 +3.30 % -5.09 % 25 Apr
5 years 28.612% -132.6 bp +334.0 bp 28.42 +5.26 % -12.31 % 25 Apr
7 years 28.938% -121.7 bp +379.9 bp 16.88 +6.84 % -18.89 % 25 Apr
10 years 29.044% -114.3 bp +380.8 bp 7.81 +9.23 % -25.90 % 25 Apr
Last Update: 27 Apr 2024 2:15 GMT+0

Egypt Yield Analysis

Normally, longer-duration interest rates are higher than short-duration. So, the yield curve normally slopes upward as duration increases. For this reason, the spread (i.e. the yield difference) between a longer and a shorter bond should be positive. If not, the yield curve can be flat or inverted.
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).

If data are not all visible, swipe table left
Residual
Maturity		 Yield Spread vs Bond Spread vs
Central Bank
Rate (27.25%)
3 months 1 year 2 years 5 years
10 years 29.044% 179.4 bp
5 years 28.612%
136.2 bp
2 years 25.577%
-194.7 bp
-19.2 bp
-167.3 bp
1 year 25.769%
-175.5 bp
-148.1 bp
3 months 27.524%
27.4 bp

Focusing on 2 years Government Bond:

If data are not all visible, swipe table left
2Y vs 1Y -19.2 bp Yield Curve is inverted in Short-Term Maturities
5Y vs 2Y 303.5 bp Normal Convexity in Mid-Term vs Short-Term Maturities
10Y vs 2Y 346.7 bp Normal Convexity in Long-Term vs Short-Term Maturities
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Egypt Credit Ratings

A credit rating is an assessment of the creditworthiness of a borrower (in general terms or with respect to a particular debt or financial obligation). For a deeper analysis of credit ratings, click here Egypt Credit Ratings History

Rating Agency Rating Outlook
Standard & Poor's B- positive
Moody's Investors Service Caa1 positive
Fitch Ratings B- -
DBRS - -

Egypt Interest Rates

A bank rate is the interest rate at which a nation's central bank lends money to domestic banks, often in the form of very short-term loans.

Interest Rates Value
Central Bank Rate 27.25%

Egypt Credit Default Swaps

The term credit default swap (CDS) refers to a financial derivative that allows an investor to swap or offset their credit risk with that of another investor. To swap the risk of default, the lender buys a CDS from another investor who agrees to reimburse the lender in the case the borrower defaults.

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Credit Default Swap CDS Value Var % 1W Var % 1M Var % 1Y Implied PD(*)
5 Years CDS 573.65 +4.15 % +8.99 % -58.90 % 9.56 %
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.

Egypt 10Y Bond Yield Spread

The Egypt 10Y Government Bond has a 29.044% yield.

A positive spread, marked by , means that the 10Y Bond Yield is higher than the corresponding foreign bond. Instead, a negative spread is marked by a green circle .

Click on the values in "Current Spread" column, for the historical series of the spread.
Click on the "Compare" button, for a report with the full comparison between the two countries, with all the available data.
If data are not all visible, swipe table left
Egypt 10Y vs Current Spread Chg 1M Chg 6M Compare
Countries
vs Japan 10Y 2816.2 bp -131.4 bp +380.0 bp
vs China 10Y 2683.9 bp -103.6 bp +433.8 bp
vs Germany 10Y 2646.6 bp -143.1 bp +404.4 bp
vs France 10Y 2597.5 bp -142.3 bp +417.9 bp
vs Spain 10Y 2567.3 bp -138.2 bp +434.6 bp
vs Canada 10Y 2519.3 bp -152.6 bp +397.2 bp
vs Italy 10Y 2515.4 bp -141.8 bp +475.7 bp
vs United Kingdom 10Y 2471.6 bp -153.9 bp +404.2 bp
vs Australia 10Y 2450.4 bp -169.1 bp +408.1 bp
vs United States 10Y 2438.1 bp -161.8 bp +398.3 bp
vs India 10Y 2184.5 bp -127.0 bp +396.0 bp
vs Brazil 10Y 1745.7 bp -180.8 bp +370.9 bp
vs Russia 10Y 1459.4 bp -183.3 bp +184.8 bp

Egypt Government Bonds Prices

Price Simulation: bonds with a face value of 100, with different coupon rates.

The highlighted column refers to the zero coupon bond.
Click on for a forecast of the yield.
If data are not all visible, swipe table left
Residual
Maturity		 Yield Bond Price - with different Coupon Rates Fx
0% 1% 3% 5% 7% 9%
10 years 29.044% 7.81 10.98 17.33 23.68 30.03 36.38
7 years 28.938% 16.88 19.75 25.50 31.24 36.99 42.73
5 years 28.612% 28.42 30.92 35.92 40.93 45.93 50.93
3 years 28.120% 47.55 49.42 53.15 56.88 60.61 64.34
2 years 25.577% 63.41 64.84 67.70 70.57 73.43 76.29
1 year 25.769% 79.51 80.31 81.90 83.49 85.08 86.67
Maturity Date 100.00 100.00 100.00 100.00 100.00 100.00

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